Cassidy was charged with federal credit card fraud and was ordered held without bail after appearing on Wednesday before a federal magistrate, Noznesky said.

The business, which operated since the summer of 1992, employed about 30 people and may have bilked customers out of hundreds of thousands of dollars, Noznesky said.

Investigators said the business advertised in newspapers and magazines across the country, offering discount travel programs to customers who paid membership fees that ranged from $698 to $998.

Those customers who agreed to become members were given 30 days to review a videotape supplied by the company before paying. But in many cases, Noznesky said, customers were billed within two to three days after contacting the company.

In addition, the company also double- and tripled-billed many customers, Nozenesky said.

He would not say if additional arrests are expected, but did say the investigation is continuing.